Wednesday 23 January 2019
 
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Opec

Oil prices dictated by market, not Opec: UAE minister

Opec and its members don’t control oil prices and that the market dictates them, Suhail Mohamed Faraj Al Mazrouei, UAE’s Minister of Energy and Industry was quoted as saying in a media report. "What Opec strives t

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S&P cuts its 2019-20 Brent/WTI price forecast

S&P Global Ratings has lowered its average annual price assumptions for Brent and West Texas Intermediate (WTI) crude oil for 2019 by $10 per barrel (bbl) to $55/bbl and $50/bbl respectively, and for 2020 by $5/bbl to $55/bbl and $50/bbl.

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Oil to trade in $60-$70 range by mid-2019: Apicorp

Oil prices are likely to trade between $60-$70 per barrel (b) range by mid-2019, barring sharp economic slowdown, said Arab Petroleum Investments Corporation (Apicorp), a multilateral development bank, in a new research report on the global oil

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Oil to trade in $60-$70 range by mid-2019: Apicorp

Oil prices are likely to trade between $60-$70 per barrel (b) range by mid-2019, barring sharp economic slowdown, said Arab Petroleum Investments Corporation (Apicorp), a multilateral development bank, in a new research report on the global oil

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Opec, allies reach deal to cut oil production by 1.2m bpd

The Organization of the Petroleum Exporting Countries (Opec) along with Russia and its allies, including a stubborn holdout Iran, has r0eached a last minute deal on a larger-than-expected production cut,  in a move that could mop up a bur

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Brent to average $70 in 2019, $65 in 2020: BofAML

Brent and WTI are projected to average $70 per barrel (/bbl) and $59/bbl respectively in 2019, helped by an Opec+ cut and global oil demand growth of 1.3 million barrels per day (b/d), said the Bank of America Merrill Lynch (BofAML) in a new rep

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Brent to average $70 in 2019, $65 in 2020: BofAML

Brent and WTI are projected to average $70 per barrel (/bbl) and $59/bbl respectively in 2019, helped by an Opec+ cut and global oil demand growth of 1.3 million barrels per day (b/d), said the Bank of America Merrill Lynch (BofAML) in a new rep

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Qatar to leave Opec in January

Qatar has announced its intention to leave the Organization of the Petroleum Exporting Countries (OPEC) in January.   "Qarar has decided to withdraw from Opec starting from January 1, 2019, and will brief th

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Oil slumps to worst loss in 10 years as G20 kicks off

Oil closed out its worst month since the global financial crisis a decade ago, as all eyes turned to this weekend’s G-20 summit for signs that Saudi Arabia and Russia can head off a worldwide supply glut.  

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Oil plunges to new three-year low as glut fears grow

Oil notched its biggest weekly loss since the depths of the last price crash, as record Saudi output, pressure from US President Donald Trump and a global stock sell-off intensified crude’s freefall,  reported Blomberg.

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